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First Trust Materials AlphaDEX Fund
FXZ (First Trust Materials AlphaDEX Fund) is an active Materials Equity ETF by First. With a 0.64% MER, it provides diversified exposure through 35 holdings. Quarterly distribution with a 1.52% yield.
FXZ is actively managed by First's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.64% MER, its fees are in line with category averages.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).